Having just listened to Greatec AGM, the boss is very confident about the company's future prospects.
Management has also prepared a blueprint plan for the next 10 years.
The future can be expected.
As is well known, GreateC's company has a total of 4 major segments.
They are Solar, e-Mobility, Semiconductor, and Life Science, respectively.
Currently, Solar and e-Mobility each account for 85% of Greatec's order book value.
Management also said that currently the Solar business has no plans to find new customers.
The only customer was First Solar, and the company was too late to do it.
Currently, the e-mobility market is slowing down, mainly due to the slow growth of the global electric vehicle market.
However, management believes that the e-Mobility market will improve next year.
Currently Greatec's e-mobility business,
This includes making batteries (modules & packs) and drive units.
There are currently 3 customers, and another potential customer will start placing orders in the next few months.
After that, the capacity was full, and the management was not looking for e-mobility customers for the time being.
Regarding Life Science, Greatec is still cultivating...
Management has also prepared a blueprint plan for the next 10 years.
The future can be expected.
As is well known, GreateC's company has a total of 4 major segments.
They are Solar, e-Mobility, Semiconductor, and Life Science, respectively.
Currently, Solar and e-Mobility each account for 85% of Greatec's order book value.
Management also said that currently the Solar business has no plans to find new customers.
The only customer was First Solar, and the company was too late to do it.
Currently, the e-mobility market is slowing down, mainly due to the slow growth of the global electric vehicle market.
However, management believes that the e-Mobility market will improve next year.
Currently Greatec's e-mobility business,
This includes making batteries (modules & packs) and drive units.
There are currently 3 customers, and another potential customer will start placing orders in the next few months.
After that, the capacity was full, and the management was not looking for e-mobility customers for the time being.
Regarding Life Science, Greatec is still cultivating...
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27
MASTER has benefited from First Solar's orders, and YOY has been growing for 7 consecutive quarters. Master's revenue and net profit for the quarter reached RM42mil and RM7.2mil respectively. Compared to the same period last year, Master's growth was as high as 45.1%.
Despite a series of challenges facing the E&E industry, management said First Solar brought in an increase of MYR 2.3 million due to increased demand from existing customers, which partially offset the decline in other industries. This quarter's revenue declined compared to the previous quarter. The main reason was that solar sector deliveries were reduced by RM1.5 mils as a result of maintenance activities for solar energy customers and cost reduction measures provided to customers.
Currently, Master is improving the efficiency of the production line. Management expects the electronics industry to pick up this year, so he believes that deliveries will also increase this year. Master and L&PBHD are First Solar's main carton suppliers. I believe First Solar will benefit from the US tariff policy, and I believe First Solar will order more and more in the future. His suppliers will also benefit.
Master is one of the few cardboard companies that can maintain a profit margin of 12% or more. The current PE is 7.86 which is worth our attention. We'll keep watching. $MASTER(7029.MY$
Despite a series of challenges facing the E&E industry, management said First Solar brought in an increase of MYR 2.3 million due to increased demand from existing customers, which partially offset the decline in other industries. This quarter's revenue declined compared to the previous quarter. The main reason was that solar sector deliveries were reduced by RM1.5 mils as a result of maintenance activities for solar energy customers and cost reduction measures provided to customers.
Currently, Master is improving the efficiency of the production line. Management expects the electronics industry to pick up this year, so he believes that deliveries will also increase this year. Master and L&PBHD are First Solar's main carton suppliers. I believe First Solar will benefit from the US tariff policy, and I believe First Solar will order more and more in the future. His suppliers will also benefit.
Master is one of the few cardboard companies that can maintain a profit margin of 12% or more. The current PE is 7.86 which is worth our attention. We'll keep watching. $MASTER(7029.MY$
Translated
22
The US stock market closed higher last Friday. Data released by the University of Michigan showed that short-term inflation expectations have declined somewhat, easing market concerns. The Nasdaq index rose more than 1%, and the chip stock index surged nearly 2%, all to new record highs, while the Dow Jones Industrial Average rose slightly. Despite this, the Dow recorded its biggest weekly decline since last year's banking crisis, ending a five-week streak of gains. Tesla rebounded more than 3% in this week's trading, and Nvidia reached a new high, with a weekly increase of 15%. Crypto-related stocks also showed strong performance, with Coinbase rising 8.6%, while GameStop surged more than 20% during after-hours trading.
Although the University of Michigan report shows that short-term inflation expectations have declined, consumer confidence remains at a six-month low. People's evaluations of durable goods purchases have dropped to a one-year low, and their evaluation of the current financial situation is also the worst in five months. The unemployment rate is expected to rise. This sluggish trend in consumer confidence is putting pressure on future consumer spending. Expectations that the Federal Reserve will cut interest rates within the next year have also declined.
In this environment, financial market volatility has intensified. Ten-year US Treasury yields declined after consumer inflation expectations were announced, while two-year Treasury yields fell from a two-week high, although the entire week recorded the biggest increase in six weeks. The US dollar index accelerated its decline during the week, although it still recorded its biggest weekly gain in a month and a half.
In the commodity market, crude oil prices rebounded after hitting a three-month low, but fell more than 2% throughout the week. The price of gold continues...
Although the University of Michigan report shows that short-term inflation expectations have declined, consumer confidence remains at a six-month low. People's evaluations of durable goods purchases have dropped to a one-year low, and their evaluation of the current financial situation is also the worst in five months. The unemployment rate is expected to rise. This sluggish trend in consumer confidence is putting pressure on future consumer spending. Expectations that the Federal Reserve will cut interest rates within the next year have also declined.
In this environment, financial market volatility has intensified. Ten-year US Treasury yields declined after consumer inflation expectations were announced, while two-year Treasury yields fell from a two-week high, although the entire week recorded the biggest increase in six weeks. The US dollar index accelerated its decline during the week, although it still recorded its biggest weekly gain in a month and a half.
In the commodity market, crude oil prices rebounded after hitting a three-month low, but fell more than 2% throughout the week. The price of gold continues...
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18
Nvidia's Q1 FY2025 Earnings Analysis
After the US stock market, Nvidia released its results report for the first fiscal quarter of fiscal year 2025 up to the end of April this year, showing strong growth momentum.
Key financial data
• Total revenue: Nvidia's total revenue for the first fiscal quarter reached a record high of US$26 billion, up 18% month-on-month and 262% year-on-year.
• Adjusted Earnings Per Share: Adjusted earnings per share were $6.12, up 19% month over month and 461% year over year.
• Net profit: Net profit increased by more than 620% to reach US$14.88 billion.
Business performance
• Data center revenue: Data center revenue reached a record high of US$22.6 billion in the first fiscal quarter, up 23% month-on-month and 427% year-on-year. Data center computing revenue was $19.4 billion, up 29% month-on-month and 478% year-over-year.
• Network Revenue: Network revenue grew 242% year over year to $3.2 billion due to strong growth in InfiniBand's end-to-end solutions.
• Gaming business: Quarterly revenue of US$2.6 billion, in line with market expectations, down 8% month-on-month and up 18% year-on-year.
• Automotive business: Quarterly revenue of US$329 million, up 17% month-on-month and 11% year-on-year, higher than market expectations of US$290 million.
Market reaction
Nvidia shares rose more than 7% in after-hours trading, if the rally continues until...
After the US stock market, Nvidia released its results report for the first fiscal quarter of fiscal year 2025 up to the end of April this year, showing strong growth momentum.
Key financial data
• Total revenue: Nvidia's total revenue for the first fiscal quarter reached a record high of US$26 billion, up 18% month-on-month and 262% year-on-year.
• Adjusted Earnings Per Share: Adjusted earnings per share were $6.12, up 19% month over month and 461% year over year.
• Net profit: Net profit increased by more than 620% to reach US$14.88 billion.
Business performance
• Data center revenue: Data center revenue reached a record high of US$22.6 billion in the first fiscal quarter, up 23% month-on-month and 427% year-on-year. Data center computing revenue was $19.4 billion, up 29% month-on-month and 478% year-over-year.
• Network Revenue: Network revenue grew 242% year over year to $3.2 billion due to strong growth in InfiniBand's end-to-end solutions.
• Gaming business: Quarterly revenue of US$2.6 billion, in line with market expectations, down 8% month-on-month and up 18% year-on-year.
• Automotive business: Quarterly revenue of US$329 million, up 17% month-on-month and 11% year-on-year, higher than market expectations of US$290 million.
Market reaction
Nvidia shares rose more than 7% in after-hours trading, if the rally continues until...
Translated
19
HARTA's revenue increased by 2.4% compared to the same period last year, mainly due to increased ASP and higher US dollar exchange rates. The lower margin this quarter was mainly due to an increase in the price of raw materials, but Harta mentioned that demand for gloves has also increased. The quarter was still profitable on interest.
Demand for rubber gloves showed initial signs of improvement, and sales orders gradually resumed. Furthermore, capacity rationalization measures carried out by domestic manufacturers, combined with the withdrawal of some smaller market players, helped ease some oversupply pressures. The global production capacity of rubber gloves is still too high, and the rise in raw materials and natural gas prices has led to a decline in the overall margin of gloves due to the inability to increase ASP again.
Overall, the excessive production capacity of local gloves has been mitigated to a certain extent, but global production capacity is still too high. The quarter was still profitable with 60 mils of interest. $HARTA(5168.MY$
Demand for rubber gloves showed initial signs of improvement, and sales orders gradually resumed. Furthermore, capacity rationalization measures carried out by domestic manufacturers, combined with the withdrawal of some smaller market players, helped ease some oversupply pressures. The global production capacity of rubber gloves is still too high, and the rise in raw materials and natural gas prices has led to a decline in the overall margin of gloves due to the inability to increase ASP again.
Overall, the excessive production capacity of local gloves has been mitigated to a certain extent, but global production capacity is still too high. The quarter was still profitable with 60 mils of interest. $HARTA(5168.MY$
Translated
20
The US stock NASDAQ index hit a record high last night, while the Dow Jones index fell from a record high, affected by the 4.5% drop in the constituent stock J.P. Morgan. Chip stocks performed well, with the index rising more than 2%, with Nvidia and Micron rising 2.5% and 3%, respectively. Microsoft's stock price rebounded to a new high in more than a month, while Google's stock price hit a record high for four consecutive days.
In the field of artificial intelligence, Microsoft's Copilot will be fully integrated into Windows 11 and is expected to support GPT 4o soon. At the same time, Dell introduced a new AI computer equipped with Qualcomm chips. Nvidia said that cooperation with Dell is essential to expand AI technology. On the other hand, Samsung's HBM3E memory faced challenges due to failure to pass Nvidia's testing and TSMC's approval process.
The Federal Reserve official's statement shows that the April CPI data should be taken with caution and that the data for a single month should not be overinterpreted. US Treasury yields rose for three consecutive days, and the US dollar index rebounded at an accelerated intraday pace, recovering from a five-week low.
In the commodity market, crude oil ended three consecutive days of upward momentum and retreated from the high level of the month. Gold and copper prices in New York hit record closing highs for two consecutive days, while silver prices hit 11-year highs for four consecutive days. In the cryptocurrency market, the price of Bitcoin broke through the $70,000 mark, while Ethereum rose by nearly 20% in the intraday period.
For the Chinese market, the China Securities Index fell by more than 1%, ending three consecutive days of upward trend. Ideal Auto fell nearly 13% after the earnings report was released, and Haidilao...
In the field of artificial intelligence, Microsoft's Copilot will be fully integrated into Windows 11 and is expected to support GPT 4o soon. At the same time, Dell introduced a new AI computer equipped with Qualcomm chips. Nvidia said that cooperation with Dell is essential to expand AI technology. On the other hand, Samsung's HBM3E memory faced challenges due to failure to pass Nvidia's testing and TSMC's approval process.
The Federal Reserve official's statement shows that the April CPI data should be taken with caution and that the data for a single month should not be overinterpreted. US Treasury yields rose for three consecutive days, and the US dollar index rebounded at an accelerated intraday pace, recovering from a five-week low.
In the commodity market, crude oil ended three consecutive days of upward momentum and retreated from the high level of the month. Gold and copper prices in New York hit record closing highs for two consecutive days, while silver prices hit 11-year highs for four consecutive days. In the cryptocurrency market, the price of Bitcoin broke through the $70,000 mark, while Ethereum rose by nearly 20% in the intraday period.
For the Chinese market, the China Securities Index fell by more than 1%, ending three consecutive days of upward trend. Ideal Auto fell nearly 13% after the earnings report was released, and Haidilao...
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13
The Malaysian stock market is in full swing this year
Local fund managers keep buying
Foreign investors continued to buy for several weeks
If you look at 1500 points at the beginning of the year
Selling early, I don't know how to do it
Horse stocks have experienced a slump of nearly 2 years
This year, we caught up from 1450
It reached 1,600 points in just 5 months
It's really a big happy event
Since Anwar and the latest head of state took office
The political situation is very stable, and the economy is booming
Judging from external factors, the national government visited many countries
Now there are also many foreign investors willing to invest in Malaysia
What's more, America's drastic increase in Chinese tariffs is also beneficial to Malaysia
This year's data center is also one of the trending sectors in Malaysian stocks
Judging from internal factors, the country is not constantly discussing large-scale infrastructure measures
Policies such as raising the minimum salary system for civil servants
It also helps boost Malaysia's economy
Very good cow in Malaysia this year
Don't miss the ride of this bull market
Malaysia Boleh!
There will be a course sharing session next Monday. Registration is welcome
welcome! You are interested to join a meeting: “How to Get Rich” 2024/5 Comprehensive Investment Course Information Session (replay). After receiving, you will receive a confirmation email about joining the meeting.
...
Local fund managers keep buying
Foreign investors continued to buy for several weeks
If you look at 1500 points at the beginning of the year
Selling early, I don't know how to do it
Horse stocks have experienced a slump of nearly 2 years
This year, we caught up from 1450
It reached 1,600 points in just 5 months
It's really a big happy event
Since Anwar and the latest head of state took office
The political situation is very stable, and the economy is booming
Judging from external factors, the national government visited many countries
Now there are also many foreign investors willing to invest in Malaysia
What's more, America's drastic increase in Chinese tariffs is also beneficial to Malaysia
This year's data center is also one of the trending sectors in Malaysian stocks
Judging from internal factors, the country is not constantly discussing large-scale infrastructure measures
Policies such as raising the minimum salary system for civil servants
It also helps boost Malaysia's economy
Very good cow in Malaysia this year
Don't miss the ride of this bull market
Malaysia Boleh!
There will be a course sharing session next Monday. Registration is welcome
welcome! You are interested to join a meeting: “How to Get Rich” 2024/5 Comprehensive Investment Course Information Session (replay). After receiving, you will receive a confirmation email about joining the meeting.
...
Translated
24
As expectations of US interest rate cuts heated up, the Dow Jones Industrial Average closed above the 40,000 mark for the first time in history and continued to rise for five consecutive weeks. The S&P 500 index rebounded strongly, close to a record high, while the Nasdaq Composite Index ended two consecutive declines, but continued to rise for two weeks. While Google's stock price reached new highs for three consecutive days, the stock price of GameStation, which was affected by retail groups, fell nearly 20% after three consecutive days of sharp double-digit declines.
In the bond market, after rising for two consecutive days, US Treasury yields rebounded more than 10 basis points from a low of nearly six weeks on Thursday, but remained on a downward trend throughout the week. After a week of decline, the US dollar index fell for three out of four days. Bitcoin's price showed strong performance, with an intraday increase of more than $2,000, successfully breaking through the $67,000 mark and setting a new monthly high.
In the energy commodities market, crude oil prices have been rising for three consecutive days. U.S. crude oil prices have broken through the $80 mark for the first time this month, and have been rising for two consecutive weeks. US gas prices rose nearly 17% in a week. Gold and copper futures prices hit record highs at the same time, while silver rose by more than 6% in a week, nickel rose by more than 11%, and copper and tin also rose by more than 6%.
On the Chinese market side, as the central bank of China continues to take measures to stimulate the real estate market, abolish the lower interest rate limit for commercial housing loans, the housing provident fund interest rate was lowered by 0.25%, and the down payment ratio for the first home was reduced to 15%. In addition, the central bank has also set up an affordable housing reloan of 300 billion yuan, with an interest rate of 1.75%, to support...
In the bond market, after rising for two consecutive days, US Treasury yields rebounded more than 10 basis points from a low of nearly six weeks on Thursday, but remained on a downward trend throughout the week. After a week of decline, the US dollar index fell for three out of four days. Bitcoin's price showed strong performance, with an intraday increase of more than $2,000, successfully breaking through the $67,000 mark and setting a new monthly high.
In the energy commodities market, crude oil prices have been rising for three consecutive days. U.S. crude oil prices have broken through the $80 mark for the first time this month, and have been rising for two consecutive weeks. US gas prices rose nearly 17% in a week. Gold and copper futures prices hit record highs at the same time, while silver rose by more than 6% in a week, nickel rose by more than 11%, and copper and tin also rose by more than 6%.
On the Chinese market side, as the central bank of China continues to take measures to stimulate the real estate market, abolish the lower interest rate limit for commercial housing loans, the housing provident fund interest rate was lowered by 0.25%, and the down payment ratio for the first home was reduced to 15%. In addition, the central bank has also set up an affordable housing reloan of 300 billion yuan, with an interest rate of 1.75%, to support...
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18
$MPI(3867.MY$ Financial indicators
• Revenue: Revenue for the quarter was RM526.1 mil, up from RM471.9 mil in the same period last year.
• Net Profit: Net profit for the quarter was RM32.8 mil, up 282.7% year over year.
• Revenue: Basically flat year over year. The weak performance in Asia (-3.6%) and Europe (-4.1%) was completely offset by significant growth in the US market (+18%).
Quarterly performance
• Q3FY24 revenue: A slight increase of 0.6% compared to the previous quarter.
• Q3FY24 net profit: A slight increase of 1.9% compared to the previous quarter.
• Challenge: Affected by planned factory shutdowns during the Chinese New Year and one-time layoff costs associated with closing the loss-making leadframe business.
Market and operational insights
• Regional performance:
• Asia: Contributed to 51% of total revenue, but revenue declined by 3.6%.
• Europe: Contributed 28% of total revenue, but revenue declined 4.1%.
• US: Contributed 21% of total revenue and increased revenue by 18%.
• Operational improvements: The Suzhou plant achieved break-even starting with 2QFY24, stopped the loss-making lead frame business, and increased profitability.
Prospects for the future
• 4QFY24 Expectations:
• No one-time severance payments are expected...
• Revenue: Revenue for the quarter was RM526.1 mil, up from RM471.9 mil in the same period last year.
• Net Profit: Net profit for the quarter was RM32.8 mil, up 282.7% year over year.
• Revenue: Basically flat year over year. The weak performance in Asia (-3.6%) and Europe (-4.1%) was completely offset by significant growth in the US market (+18%).
Quarterly performance
• Q3FY24 revenue: A slight increase of 0.6% compared to the previous quarter.
• Q3FY24 net profit: A slight increase of 1.9% compared to the previous quarter.
• Challenge: Affected by planned factory shutdowns during the Chinese New Year and one-time layoff costs associated with closing the loss-making leadframe business.
Market and operational insights
• Regional performance:
• Asia: Contributed to 51% of total revenue, but revenue declined by 3.6%.
• Europe: Contributed 28% of total revenue, but revenue declined 4.1%.
• US: Contributed 21% of total revenue and increased revenue by 18%.
• Operational improvements: The Suzhou plant achieved break-even starting with 2QFY24, stopped the loss-making lead frame business, and increased profitability.
Prospects for the future
• 4QFY24 Expectations:
• No one-time severance payments are expected...
Translated
20
Financial performance
• Total revenue: reached RM2.482bil, up 5.5% year over year. Despite a slowdown in market demand, it has continued to grow compared to the same period last year.
• Operating profit: reached RM26.9 mil, up 6.8% year over year.
• Profit before and after tax: Profit before tax was RM26.3 mil, YoY decreased by 11.4%; profit after tax was RM2.12 mil, YoY decreased by 12.7%. The decline was mainly due to reduced earnings of the associated company Straits Apex Group Sdn Bhd.
Investment and strategic trends
• Property purchase: The Group purchased industrial properties in Malacca at a total price of MYR 66.5 million, with plans to expand production capacity.
• Funding: Part of the purchase will be raised through a MYR 50 million loan from HSBC Malaysia Ltd.
• Singapore subsidiary expansion: Apex Pharma Marketing Pte Ltd leases additional warehouse space to support operational efficiency and new business growth.
Market and operational challenges
• Changes in market demand: Although the first quarter of 2023 brought record high revenue due to high incidence of respiratory diseases (Covid drugs), market demand showed signs of slowing in the first quarter of 2024.
• Affiliated company losses: At Straits Apex Group and Nex...
• Total revenue: reached RM2.482bil, up 5.5% year over year. Despite a slowdown in market demand, it has continued to grow compared to the same period last year.
• Operating profit: reached RM26.9 mil, up 6.8% year over year.
• Profit before and after tax: Profit before tax was RM26.3 mil, YoY decreased by 11.4%; profit after tax was RM2.12 mil, YoY decreased by 12.7%. The decline was mainly due to reduced earnings of the associated company Straits Apex Group Sdn Bhd.
Investment and strategic trends
• Property purchase: The Group purchased industrial properties in Malacca at a total price of MYR 66.5 million, with plans to expand production capacity.
• Funding: Part of the purchase will be raised through a MYR 50 million loan from HSBC Malaysia Ltd.
• Singapore subsidiary expansion: Apex Pharma Marketing Pte Ltd leases additional warehouse space to support operational efficiency and new business growth.
Market and operational challenges
• Changes in market demand: Although the first quarter of 2023 brought record high revenue due to high incidence of respiratory diseases (Covid drugs), market demand showed signs of slowing in the first quarter of 2024.
• Affiliated company losses: At Straits Apex Group and Nex...
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8
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